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Why failure is the best strategy for success
Yahoo Finance· 2025-10-16 18:03
Listen and subscribe to The Big Idea with Elizabeth Gore on Apple Podcasts, Spotify, or wherever you find your favorite podcast. What if your biggest mistakes could make you a millionaire? This week on The Big Idea with Elizabeth Gore, serial entrepreneur, investor, and best-selling author Kim Perell joins the show to answer the question: How do I turn my biggest mistakes into strategy? Perell, author of the book “Mistakes That Made Me a Millionaire,” discusses overcoming business mistakes - big and small - ...
直播救活夫妻店：县城没有主理人，只有守店人
Xin Lang Cai Jing· 2025-10-16 08:14
Core Insights - The article discusses the rise of live streaming as a new business model for small local restaurants in lower-tier cities, helping them survive against the competition from chain restaurants [5][21][32] - It highlights how live streaming allows these small businesses to reach a wider audience, effectively transforming their operations into a digital storefront [30][22] Group 1: Live Streaming as a Business Model - Live streaming has become a common practice among small eateries, allowing them to showcase their food and engage with potential customers in real-time [3][10] - Many small shops are now offering nationwide delivery through live streaming, which helps them tap into a broader market beyond their local clientele [19][22] - The informal and authentic nature of these live streams fosters a sense of trust and connection with viewers, which can lead to increased sales [10][18] Group 2: Challenges Faced by Small Businesses - Small local restaurants are struggling to compete with the influx of chain restaurants, which offer standardized experiences and have more robust supply chains [14][21] - The average daily revenue for these small businesses is reported to be between 200-300, with a 50% gross margin, making it difficult to cover operational costs [18][32] - Many small eateries have seen a significant decline in foot traffic, with some relying solely on delivery and live streaming to sustain their operations [13][15] Group 3: The Impact of Live Streaming on Consumer Behavior - Consumers are increasingly drawn to the authenticity and local flavor of small businesses showcased through live streaming, contrasting with the standardized offerings of chains [19][22] - Live streaming serves as a new form of marketing that allows small businesses to break down barriers and attract customers who might not otherwise visit their physical locations [29][30] - The ability to present their cooking processes and engage with viewers in real-time helps small businesses create a unique selling proposition that resonates with consumers [30][32]
Unlocking the Secrets to Funding Your 401k!
Digital Asset News· 2025-10-04 01:14
So, I just can't take rental property rent or crypto capital gain and put that into a 401k. I wish I could. I cannot.So, what we have to do, and that's why I was telling Jennifer, we need to have that side hustle or that small business to generate the income here to fund the solo and stack our IAS. So that's why I was saying earlier, if you can give me something to work with with a side hustle, small business, it gives me so many more options. ...
